H.R. 6462 · 112th Congress
Water and Agriculture Technology Economic Revitalization Act of 2012
- Stage
- In committee
- Sponsor
- Cory Gardner
- Introduced
- 2012-09-20
- Latest action
- 2012-09-20 · Introduced in House
Summary
Water and Agriculture Technology Economic Revitalization Act of 2012 - Amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status. Requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company.